If you want to be rich and build wealth there is rules you should follow, this rules is mentioned by those who achieved financial freedom and built wealth.
Spend less than you earn
Always keep a gap between income and expenses, If you earn 1000$ each month try to live with 700$ this 300$ you save will build your wealth in the future.
No matter your income if you spend everything you will end up broke, but if you consistently keep even small amount it will become the seed of your fortune.
Do not increase spending every time your income increases, When income increase do not upgrade everything and Keep your lifestyle steady and let your wealth grow quietly.
Save first not last
Save money as soon as you get paid, do not wait to see what is left. Saving even 10% consistently is powerful over time, remember wealth is not about how much you earn it is about how much you keep and grow/invest consistently.
My old but gold post how to start saving as a beginner which inspired by my friend how made great achievements despite of his low and unstable income will bellow your mind and help you save money aggressively.
Lunch emergency fund
Emergency fund is crucial for you getting rich journey cause it save you from UN expected matters. For example you might lose your job, make an accident, shrinking in your business seals.
I but in your hands This value post which is a real story about my own business where my emergency fund helped me completely survive the business when the sales drubbed down under 50% suddenly
Have zero debt
Avoid bad debt and stay away from unnecessary loans especially high interest. Debt for things that do not make money like phones, luxury items only slow you down, but you can relay of good debt.
good debt = something that helps you earn more and has low interest rate.
Invest regularly
Do not just save, make your money grows over time because investing protect your money from inflation.
Saving money in your bank account only is not good idea. You have to protect it from inflation through investing, even small consistent investing beat big rare one.
Track your money
If you do not track your money , you will lose control. Simple rule know your income, expenses, and savings every month.
